Virtual Reality in Medical Education and Healthcare Market is Expected to Garner $ 4.1 Billion by 2024

According to the new market research report " Virtual Reality Market in Healthcare Sector Outlook 2024”, published by Goldstein Research, the virtual reality in medical education and healthcare market size is set to reach USD 4.1 billion by 2024, at a growing CAGR of 28.13% over the forecast through 2024 owing to the investments in such emerging technologies, and constant developments in healthcare IT. The market is majorly driven by applications in surgical simulations, diagnostic imaging, patient care management, rehabilitation, and health management. With the increase in investment, there is a rise of 24.0% in the healthcare industry.

One of the major developments of the virtual reality has been its entry in the medical education and healthcare as virtual reality is the means or capability to visualize and manipulate, or interact with, digital data representative of a real-world entity or environment.
 
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Latest Innovations of Virtual Reality in Medical Education And Healthcare

 

• Pain management
• Physical therapy
• Fears and phobias
• Cognitive rehabilitation
• Training doctors and nurses
• 3-D visualization reality for surgery

 

Market Dynamics

 

Growth Drivers

 

• It is advantageous if the medical training can be performed using a realistic imitation of a human body inside the computer.
• The use of Virtual Reality in live streaming of surgeries for medical education coupled with patient monitoring & pain management is predicted to drive the segment substantially.
• With the increase in the number of startups, there is a huge investment in research and development which will drive the market.
• Virtual Reality helps patients get over their worst fears and phobias through exposure therapy. These technologies are also gaining importance in fitness management.
• Virtual Reality studios are the major demand puller of virtual reality in medical education and healthcare market.

 

Growth Barriers

 

• Virtual Reality is an advanced technology and it needs skilled labour but due to unawareness, there is lack of skilled labour.
• Virtual Reality needs to be cheaper. This is another barrier that has to be surmounted before Virtual Reality can be introduced in routine clinical use.
• Reduced limb control, reduced postural control, decreased sense of presence, and the development of responses inappropriate to the real world are the major side effects of this technology.
• Stringent regulations in terms of medical devices hamper the virtual reality in medical education and healthcare market for instance in Europe authorities take a lot of time to allow the launch of the product in the market.

 
The Report is available at: http://bit.ly/2vgn5s2

 

Covered in this Virtual Reality in Medical Education and Healthcare Market Report

 
“Global Virtual Reality in Medical Education and Healthcare Market Outlook 2024” contains a detailed overview of the global virtual reality in medical education and healthcare market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by components type, by applications and by End Users.
 
Further, for the in-depth analysis, Global Virtual Reality in Medical Education and Healthcare Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
 

Major Key player of the Virtual Reality in Medical Education and Healthcare Market discussed in the report are

 

• Accuray
• Brainlab
• C-RAD
• CAE
• Elekta
• Hansen Medical
• Humid
• Immersive Touch
• Intuitive Surgical
• Leica Microsystems
• Mazor Robotics
• Medtech

 
The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global virtual reality in medical education and healthcare market trends along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
 

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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on Healthcare Industry Analysis reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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